According to a new report published by Allied Market Research, the next-generation computing market was valued at $132.53 billion in 2020 and is estimated to reach $782.10 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.
Next-generation computing market trends in Asia-Pacific are expected to exhibit the highest growth during the forecast period, owing to strong economic growth along with the ongoing development in next-generation computing and real-time data analysis, which drives organizations to invest heavily in the next-generation computing market to sustain growth and improve productivity.
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In addition, factors such as a major shift toward digital transformation, cloud deployment & technological advancement among small & medium businesses, and continuously ongoing modernization in workforce management strategy in emerging economies notably contribute toward market growth.
Furthermore, key players in Asia-Pacific are focusing on enhancing their operations and increasing their overall efficiency to stay competitive in the market, which is expected to provide lucrative opportunities for the growth of the market during the forecast period.
On the basis of next-generation computing market analysis Increase in demand for enhanced computing performance for data analysis and the rise in usage of simulation & modeling in healthcare, BFSI, and the energy sector drives the market growth. In addition, the rise in the need for secure computing platforms, the influx of huge amounts of data, and the increase in the adoption of quantum computing technologies by numerous industrial sectors are also expected to drive market growth.
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On the basis of components, the hardware segment dominated the overall next-generation computing industry in 2020 and is expected to continue this next-generation computing market trend during the forecast period. This is attributed to increasing in the adoption of next-generation computing solutions among enterprises to gain strategic as well as a competitive advantage and strong customer retention over their competitors.
In addition, these solutions save both time as well as money, leverage existing data investments, and improve image analysis capabilities, with just a single software application. Moreover, next-generation computing service providers are upgrading their software solutions to expand the range of next-generation computing applications to reach more customers, which provides lucrative opportunities for market growth.
This report gives an in-depth profile of some key market players in the Next Generation Computing industry IBM Corporation, Amazon Web Services Inc., Alibaba Group Holding Limited, Cisco Systems, Google Inc., HPE, Intel Corporation, Oracle Corporation, Atos SE and Intel Corporation. This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets.
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Next-generation computing technologies covered in this report include:
- High-Performance Computing
- Quantum Computing
- Neuromorphic Computing
- Serverless Computing
- Biocomputing
- Nanocomputing
- Brain-Computer Interface
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